Perplexity AI, a developer of a popular AI search engine, is close to raising a $50 million venture fund focused on early-stage AI startups. The company will be an anchor investor in the fund, with most of the capital coming from outside limited partners. The fund will be led by Kelly Graziadei and Joanna Lee Shevelenko, who have experience running early-stage fund f7 Ventures.
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Gas project extension will need to meet net-zero
SummaryWoodside's North West Shelf gas project has been approved by the Albanese government to operate until 2070, but must comply with the safeguard mechanism to achieve net-zero emissions by 2050. Energy Minister Chris Bowen confirmed that all facilities under this mechanism, including Woodside's, are legally required to develop a pathway to net-zero emissions, despite potential controversies regarding gas project approvals and their impact on Australia's climate commitments. Bowen emphasized Australia's ongoing goal to reduce emissions...
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